Shiba Inu at Risk? Whale Demand Drops as SHIB Faces Key Support Test!
Shiba Inu's price has remained consolidated within a narrow range of $0.000023 to $0.000025 over the past week. However, a $700 million drop in whale demand now increases the risk of further price declines.
Short-term projections also indicate potential downside risks, as technical indicators point to a pullback toward $0.000023.
The Donchian Channels, based on the 20-day high and low, reveal a tightening price range. SHIB is trading close to the lower boundary at $0.00002326, signaling weakening bullish momentum as sellers test the critical support level.
If $SHIB closes below $0.000023, it could trigger further sell-offs, potentially driving the price down to retest the next support level at $0.000020, which aligns with the lower Donchian threshold observed earlier this month.
Contentos ($COS ) is dedicated to bridging the gap between Web2 and Web3, creating a unique blockchain ecosystem that combines “content + social + finance.” The core application on the Contentos mainnet, COS.TV, is a leading Web3 video platform with over 1 million monthly active users worldwide. Creators earn revenue through video ads and user sponsorships, while users are rewarded within the ecosystem for liking and commenting. The platform is especially popular in regions such as Latin America (Brazil, Argentina, Mexico), Asia (Vietnam, Pakistan, South Korea), and Europe (Turkey).
The ChannelVIP social application integrates core SocialFi and Web3 features, centered around exclusive chat rooms and enriched with diverse social functions like Airdrops, AMAs, and interactive quizzes. Users can support creators by paying with COS tokens to become VIP members and participate in various activities to earn rewards. This unique model fosters a transparent and direct relationship among creators, users, and the platform, empowering creators with diversified income streams.
Web3 social networks represent a revolutionary shift in how people interact, own their data, and participate in digital communities. Built on decentralized technologies like blockchain, they prioritize user control, transparency, and innovation compared to traditional, centralized platforms like Facebook or Twitter.
Key Features of Web3 Social Networks Decentralization: No single entity controls the platform, reducing risks of censorship and monopoly. Data Ownership: Users retain control over their personal data and can decide who accesses it.
Monetization Opportunities: Creators and users can earn directly through tokens, NFTs, and micropayments without intermediaries. Transparency: Open-source protocols and smart contracts ensure fairness and accountability.
Community Governance: Users can participate in decision-making via decentralized autonomous organizations (DAOs).
DID You Know ?
@Contentos-COS $COS is dedicated to bridging the gap between web2 and Web3 creating a unique Blockchain ecosystem that Combines content social finance . Core Application on the contentos mainet is COS.TV is a web3 video platform with over 1 million monthly active users worldwide .
Exactly 16 years ago, Satoshi Nakamoto released the first versions of the Bitcoin code, sparking a revolution in the world of cryptocurrencies and changing the financial landscape forever.
In this crypto world everyone is looking for some good projects to invest but no one know where to invest. In this I'm personally sharing my research 🙏 Don't consider this as a financial advice always do your own research before any investment. Let's move on $SOL Solana stands out in the blockchain space as a smart contracts platform designed for speed and scalability. Its unique architecture, combining the Proof-of-History algorithm with a Proof-of-Stake consensus mechanism, enables it to pr
$DOGE co-founder Billy Markus proposed a national Dogecoin reserve following Trump’s Bitcoin reserve idea, sparking discussions on its potential as a government asset and questioning Elon Musk’s support.
The world of cryptocurrency and airdrops is often seen as a thrilling opportunity for enthusiasts to earn free tokens and engage with emerging blockchain projects. However, not all airdrops are created equal, and some may leave participants feeling duped. One such incident involves the Memefi Telegram Airdrop, which has recently come under fire for its alleged scam-like behavior and disappointingly low token distributions. Despite the initial excitement, participants soon realized that the rewar
By the way, the last chance to make an impact on your drop is completing tasks and getting achievements. While there are still few available, we've added 3 more. Hurry while they are available. All farming methods will be disabled on November 20th.
Trump appoints former SEC chair Jay Clayton as Manhattan’s U.S. attorney
President-elect Donald Trump has named Jay Clayton, former SEC chairman, as the new U.S. Attorney for the Southern District of New York. Known for his expertise in financial regulation, Clayton is expected to bring a seasoned perspective on crypto issues to the role
With Clayton’s appointment, observers are interested to see how his regulatory experience will shape crypto enforcement in New York, especially after recent high-profile cases of crypto fraud. His leadership could influence the broader U.S. stance on digital asset regulation.
Gary Gensler's Potential Departure from SEC: SEC Chairman Gary Gensler has hinted at possibly leaving his position, amidst 18 US states suing the SEC for overstepping its authority and unfairly targeting the crypto industry .
Inflation and Rate Cuts: According to Fed Chair Powell's CPI report, inflation remains a concern, and rate cuts won't happen unless the labor market weakens .
Berkshire Hathaway's Portfolio Shift: Warren Buffett's conglomerate has purchased 1.27 million Domino's shares and 400,000 Pool Corp shares, while reducing its Apple stake by 100 million shares, bringing its total holdings to $266 billion in Q3 .
Goldman Sachs' Bitcoin Investment: Goldman Sachs Group has invested over $710 million in Bitcoin Spot ETF shares as of Q3, demonstrating its confidence in the cryptocurrency market .
Crypto Market Updates: Other notable news includes the launch of DeFi Technologies' publicly-traded CoreFi Strategy, Pennsylvania's bill to implement a strategic bitcoin reserve, and the DOJ's investigation into Polymarket over alleged US user participation .
Tether introduced Hadron, a comprehensive platform for asset tokenization of things such as stocks, bonds, stablecoins, etc, supporting smart contract networks and ensuring compliance with KYC and AML standards.
🐶 S. Korea’s largest crypto scam: $232m lost, 200+ arrested
A South Korean financial influencer, known as Mr. A, allegedly orchestrated a massive cryptocurrency scam leading to 215 arrests, including his own. This YouTuber with 620,000 subscribers was detained in Australia after investors sought refunds for poor stock advice.